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8.82% 3.1¢ evion group nl

I see that under the terms of its financing agreement, EVG has...

  1. dspike
    25 Posts.
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    24/08/11
    14:16
    Post #: 8866380
    I see that under the terms of its financing agreement, EVG has been required to forward sale 126,000 oz at $1,355. With recent increases on POG this looks less attractive by the day. Does anyone understand how the forward sale arrangement work? In particular, would this normally apply to the first 126,000oz of gold sales or could EVG sell some initial production at spot price and delay the forward sales?
    EVG Price at posting: 17.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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